SB11 76 – Continuation of A Temporary Modification to The Contribution Rates For Certain Divisions Of The Public Employees’ Retirement Association

UPDATE: The amendment was removed that included the school, DPS and local government divisions. Only state and judicial divisions remain in the swap. It passed and was signed by Governor Hickenlooper.

Secure PERA Opposes Senate Bill 76. We all learned what shared sacrifice was during the 2010 session by accepting the changes in Senate Bill 1, and this bill seeks to shift that balance. The bill in its final form shifts 2.5% of the total contribution from employers to employees for FY 2011-12 only for the State and Judicial divisions.

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